Bill > HF1702

This bill establishes a property tax credit for licensed in-home child care providers in Minnesota. The credit is equal to 50% of the net tax owed on the property used to operate the child care program, after subtracting all other applicable credits. The Department of Human Services will provide a list of eligible providers to each county annually, and the county auditor will determine the tax reductions and certify the amounts to the Commissioner of Revenue for reimbursement to local taxing jurisdictions, including school districts. The bill also adds the licensed in-home child care provider credit to the list of property tax credits that are subtracted from the gross tax when calculating the net property taxes owed. The provisions of this bill will be effective starting with taxes payable in 2024.